McDonald’s Corporation (MCD) To Go Ex-Dividend on June 2nd

McDonald’s Corporation (NYSE:MCDGet Free Report) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Tuesday, June 2nd will be paid a dividend of 1.86 per share by the fast-food giant on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 2nd.

McDonald’s has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 49 years. McDonald’s has a payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect McDonald’s to earn $14.14 per share next year, which means the company should continue to be able to cover its $7.44 annual dividend with an expected future payout ratio of 52.6%.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $284.03 on Friday. The company has a 50-day moving average of $300.56 and a 200 day moving average of $309.44. The firm has a market cap of $201.81 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 2.79 and a beta of 0.43. McDonald’s has a 1 year low of $271.98 and a 1 year high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.09. The company had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. McDonald’s’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $2.67 EPS. On average, equities analysts anticipate that McDonald’s will post 12.94 EPS for the current year.

McDonald’s News Roundup

Here are the key news stories impacting McDonald’s this week:

McDonald’s Company Profile

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McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Dividend History for McDonald's (NYSE:MCD)

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